Answered step by step
Verified Expert Solution
Question
1 Approved Answer
a person borrowed four loans four years ago(ie. from _4 to _1) with 5000 for each one at 5% per year. he want repay these
a person borrowed four loans four years ago(ie. from _4 to _1) with 5000 for each one at 5% per year. he want repay these loans in equall 6 payements each payment is paid every two years starting four years from now with interest rate of 6% per year, the amount of mony that must be repaied every two years is O a. 6145 O b. 6115 oc. 6130 O d. 6139 O. 6100
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started